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Re/Max 1st Advantage Facilitates $1.02M Sale Of Multifamily Property In Jersey City
SOLD
$1,021,000
New Jersey
See Similar DealsMultiFamily
Sold 01/29/2024
SOLD
Re/Max 1st Advantage Facilitates $1.02M Sale Of Multifamily Property In Jersey City
431 Bramhall Avenue
See Similar DealsMultiFamily
Sold 01/29/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Sale
431 Bramhall Avenue in Jersey City is a multifamily property that was recently sold for $1,021,000. The transaction was facilitated by Lisa Campbell of Re/Max 1st Advantage, who represented the buyer, and Christopher Piechocki and Yuzhi Duan of Keller Williams City Life Jersey City Realty, who represented the seller.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,021,000
- Address: 431 Bramhall Avenue
- Market: Jersey City
Lisa Campbell of Re/Max 1st Advantage played a crucial role as the buyer's representative in this deal, working diligently to ensure a successful transaction. On the other side, Christopher Piechocki and Yuzhi Duan, from Keller Williams City Life Jersey City Realty, represented the seller and effectively negotiated the terms of the sale.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$54,453.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,627.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,840.06
Annual Debt Service$58,080.73
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